No subtitute for hard work. if you want to speed up the process of hard knox learning; do some paid courses. I recommend Kim Krompass for a start. Her method is very simple; and she has weekly webinars to help you out practicing the method. If you are lazy; you can just follow her signals; and get your money back from the markets.
You must be shitting me. A quick google search brings up this. https://priceactiontradersinstitute.com/ Websites that look like this are always trying to sell you crap. I see nothing about her method, and more importantly, nothing about her results, but it was very easy to find the page where I can give her $197 a month. I'm sorry but as a member with 3 posts, you will have to try a little better.
Well that's your opinion. I trade for a living full time for few years. I came across Kim's website; and the reason I recommend it for the thread starter; because I found her method to have merits; and they do work. It's a good start for a beginner in my opinion; for the reasons I mentioned earlier. BTW; she does have few of her videos for free on Vimeo; search for them; and listen to some and if you are a successful trader; you will know what I am talking about. I went through very hard years to come about where I am now. to be a good trader; you need to innovate all the time. invent new strategies; and burry the ones that stop working. One way of adding to your inventory of strategies; is to scoop the net; forums, books, anything that comes by. 100% of my profitable strategies are picked up from the forums, videos such as Kim's; and books. I twist and add to them of course. so beleive me; if you want to make a quick buck; and with lesser cost; pay the damn $197 for a month; and let me know if you get your money back from trading. stop whining and take action
You said that you could just follow her calls and make money. Do you follow her calls and make money? What is her win rate on a typical R:R ratio? If she is giving out trades that have a nice edge, $197 a month would be a steal, but I doubt this is in fact true. There are plenty of guys here at ET who talk the talk quite well. Support and resistance, momentum, trading with trend, psychology, blah blah blah. Its very easy to sound smart, and its very easy to say what should have been done in hindsight. All I ever want to see is a handful of calls from these experts, but sadly, it never happens. I looked at one video, where she talks about what she did, and I see no indications on the chart that this trade was actually taken with a clear entry and exit. Besides, even if she showed one trade, that means dick all. You need to see a good collection of wins and losses before you can really gauge if a trader knows their stuff. But she doesn't make any of this info available, only the $197 sign up page. I even looked at another video before posting, yes... all bullshit hindsight garbage. "Here was a nice trade someone could have taken".... hahahahaha... omg..... hahahahaaa.... My god, does it get any more hindsight than this? She says she sees a range, see's it break, and takes the break. Jesus, this is what she is making money on? Total garbage.
don't be hindered by the $197 monthly fee. I personally did not buy her course; but I have listened to all her free videos (no exception); and I documented her trading strategies; and traded one of them (fading the range) successfully. of course all of us are different; and we implement trading rules differently. As Richard Dennis put it; if he published his turtle trading rules on newspapers; it won't make a difference because following those rules will be hard enough. I repeat it again and again; Kim Krompass; is a good starting point for someone who is lost in finding successful trading systems. I am pretty sure about that; and am talking from my own experience. I have already given you a clue here about what strategy I used from her course; Fading the range!! simply wait till NY open; and fade the the daily range from the start of day till NY open. I can't put it simpler than that. and beleive me; this simple strategy works for some pairs !!!... that's another clue.
Ok.. here is what I will grant you. Following rules is extremely hard, and yes, even if someone gave you all the rules to a winning system, most would probably lose money with it. I will also say that maybe what she shows is a good starting point, but this is a stretch because from what I see, all she is doing is trend trading once price leaves a range. Nothing wrong with this, but its nowhere close to being sufficient for making money. Price hardly ever trends, and its hardly even nice and neat. The trend she showed in this video happens how often? How many times is she going to take a trade like this and get stopped out before she finally gets like with a clean break? What she shows is highly elementary. The fact that she ended the video with "You can do this!" shows me beyond a shadow of a doubt that her business isn't trading, but rather, selling access to her website.
listen to all her free videos; and you will have a more complete picture of the trading rules. again; i am not doing trend following; but mean reversion (fading breakouts)
Hello new Fist if all, English is not my language: Forgive my imperfection... Second, I am not a trader, I am a learner like you: You are not alone on that... So if not interested to hear about "a non trader"experience, just don't read the continuation 1) Low cost is a trap for a failure. Ex. Forex. I am trying just ES. If I can learn it I will be able to do any thing. 2) All indicators are based on Price Action. Why try many? Instead, learn to MASTER 1 or the most 2 3) Answer to your self: Would I sell away my very PROFITABLE proprietary system? Still reading??? LOL Then let me over explain. I am very prolix... I learned the hard way that my teachers where looking to make money teaching a "library system" saying it was proprietary because he could not make $ trading. Others, have knowledge of a good system without knowing how to apply it Then in their pretension to know it ,they look for companionship on its application in order for themselves to learn it They don't talk about what is happening, they will mention it just after the consumed fact. So any system you choose,You are the one who is going to MAKE IT! When you say Market Analysis, I am assuming you are talking about indicators. On my endeavour, I realised that all Time frame has its congestion forming S/R area or POC. There is always one small TF inside a little larger, (About average 3 X) and so on. When many of them are getting together it will be a water fall giving a larger opportunity. Those congestion areas are the same ZERO LINE on any indicator that I have compared too. That's' why I said, don't change them, master tem. I was using just MACD in connection with PA/volume. Now I have added 2 MAs because a friend from Paltalk room uses it and I want to understand better why he sees a position by his system. Before mkt opens I try to follow its movements on my chart from its LEFT side, I need to be able to follow its step from left to right chart, other wise it is a day I can not take a position. How can I "Sambar" without know the rithmic steps? My back test is NOT replaying a day tick by tick like a tape. The way I do is open a chart many, many days back and trying to put on my head its picture. Mkt repts the same pattern all over again. I know if I know 2, 3..of them for real, next time it will be about to happens I will recognize it. It takes forever time, but that is going to be my recompensation. I am not there yet... Well, my NOT KNOWING WAY intention was giving to you a little bit of what I have been through. If did not help you...sorry by selfish way of seeing it: I learned a little English typing it to you Thank you allowing my sharing my experiences. Yes, it is a hard work.To be a good Dr, must practice on a ER for long time Don't give it up.. Good luck.
Seems simple on theory but might still need to learn deeply how to determine low and high, but this help much to develop system and our trading rules, we can using area support and resistance might with using horisontal line as help tool and making our plan